Shares of Midland States Bancorp Inc (NASDAQ:MSBI) hit a new 52-week low on Thursday . The stock traded as low as $23.05 and last traded at $23.20, with a volume of 1521 shares trading hands. The stock had previously closed at $23.69.
Several analysts have recently weighed in on the company. Zacks Investment Research upgraded Midland States Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. BidaskClub lowered Midland States Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, October 4th. Finally, ValuEngine lowered Midland States Bancorp from a “hold” rating to a “sell” rating in a report on Friday, October 12th.
The firm has a market cap of $561.56 million, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 1.38 and a beta of 1.33. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.03 and a quick ratio of 1.03.
Midland States Bancorp (NASDAQ:MSBI) last announced its earnings results on Friday, October 26th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The company had revenue of $63.35 million for the quarter, compared to analyst estimates of $66.90 million. Midland States Bancorp had a return on equity of 9.01% and a net margin of 9.27%. Research analysts forecast that Midland States Bancorp Inc will post 2.45 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, November 26th. Stockholders of record on Monday, November 19th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date was Friday, November 16th. Midland States Bancorp’s dividend payout ratio (DPR) is presently 44.22%.
In other news, SVP Sharon A. Schaubert sold 12,338 shares of the business’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $34.04, for a total transaction of $419,985.52. Following the sale, the senior vice president now directly owns 25,007 shares of the company’s stock, valued at $851,238.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Leon J. Holschbach sold 2,000 shares of the business’s stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $25.43, for a total value of $50,860.00. The disclosure for this sale can be found here. Insiders have sold 39,160 shares of company stock worth $1,162,974 over the last ninety days. 14.90% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the company. Swiss National Bank raised its position in Midland States Bancorp by 15.5% during the second quarter. Swiss National Bank now owns 28,300 shares of the financial services provider’s stock valued at $970,000 after buying an additional 3,800 shares during the period. Associated Banc Corp acquired a new position in Midland States Bancorp during the third quarter valued at $331,000. BlackRock Inc. raised its position in Midland States Bancorp by 30.1% during the second quarter. BlackRock Inc. now owns 1,334,886 shares of the financial services provider’s stock valued at $45,733,000 after buying an additional 308,568 shares during the period. Zebra Capital Management LLC acquired a new position in Midland States Bancorp during the second quarter valued at $235,000. Finally, Bank of New York Mellon Corp raised its position in Midland States Bancorp by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 470,008 shares of the financial services provider’s stock valued at $16,101,000 after buying an additional 5,392 shares during the period. 44.97% of the stock is currently owned by institutional investors.
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About Midland States Bancorp (NASDAQ:MSBI)
Midland States Bancorp, Inc operates as a financial holding company for Midland States Bank that provides banking and financial products and services to individuals, businesses, municipalities, and other entities. The company's deposit products include checking, savings, money market, and sweep accounts, as well as certificates of deposits, noninterest-bearing and interest-bearing demand deposits, and time deposits.
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